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Apr 07, 2014
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User industries oppose RIL plea for PTA dumping duty
A plea by Reliance Industries (RIL) and Mitsubishi’s MCC PTA India Corp (MCPL) to impose an anti-dumping duty on imports of a key raw material for producing man-made fibre from select countries has come under fire from more than a dozen user companies.
In a meeting with commerce and industry minister Anand Sharma last week, these companies said imports of the purified terephtalic acid (PTA) — used in making polyster staple fibre (PSF), filament yarn (PFY) and film — were already taxed at 5% despite a domestic shortage.
Source -
http://www.financialexpress.com
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